JORC to produce tonnage that will ALMOST CERTAINLY produce SP re-rating.
SP headed above $1.75 in any case, regardless of new Board Member.
Oppies at $1.75 exercise price are more like a sign-on bonus.
At $2.50 heads they translate into $375K. At $2.00 heads they translate into $125K.
Pretty good kanga for attending just over twelve months worth of Board meetings: with Directors fees on top.
Not criticising his appointment, but I think everyone on this forum knows where the SP is headed: directors included.
Could have been more thoughtful in setting exercise price perhaps as that too drives the extent to which Directors work to stimulate company performance: perhaps even moreso?
Just IMO
BUSH
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
